Automotive Industry Analysis

Running head: AUTOMOTIVE INDUSTRY ANALYSIS
AUTOMOTIVE INDUSTRY ANALYSIS
Name of the Student
Name of the University
Author Note

AUTOMOTIVE INDUSTRY ANALYSIS1
Table of Contents
1.1. Industry Description................................................................................................2
2.2 Current Industry Size...............................................................................................3
References......................................................................................................................6

AUTOMOTIVE INDUSTRY ANALYSIS2
1.1. Industry Description
The industry chosen for this project is the automotive industry. This industry deals
with a number of companies that deals with the manufacturing, designing and developing
motors and its parts. The main products of the industry are any kind of motor vehicles. The
industry is considered to the largest revenue generating industry all over the world. The
manufacturing of the parts of motor vehicles also fall under this industry operations.
There are several constraints of this industries that are obvious because of the nature
of the business. The first thing is that, the automotive business needs a capital of big amount.
This could not be done with small amount of investment. As opined by Nieuwenhuis & Wells
(2015), another constraint is that the automotive industry need to build in a geographical
place that have all resources available for the manufacturing of automobile parts. Automobile
business need to have the assistance of a number of sub-industries like electronics, parts and
supplies, painting and coating technologies and passenger safety systems.
Figure 1 – Global vehicle sales
Source - Ihsmarkit.com. (2020)